Why Make a Will?

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Why make a Will?

If you are single:

You may want your estate to go to friends and charities as well as family.

If you are married in a civil marriage:

Don’t assume that your partner will ‘automatically’ receive your estate, other factors also come into play.

If you are a parent:

Who will look after your children? You need to ensure that you have an appointed guardian.

If you are retired:

Your will may be out-of-date and in need of refreshing. It may now need to include your grandchildren?

Plan now and save!

Making a Will ensures that you are in control of what happens to your property and family and we find that, once it has been completed, instead of feeling dread and unease people feel a great relief that everything will be handled as they intended.

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The pitfalls of not having a Will

Although most people consider having a Will, they are unaware of the outcome of dying intestate (without a Will).

  • If you die without a will there are certain rules which govern how your estate will be handed out. This may not reflect how you wish your money and possessions to be allocated.
  • If you are unmarried but have a partner and have not registered a civil partnership, you cannot inherit from each other unless you have a Will in place. This may have serious financial implications.
  • If you have a valid Will in place, it may be possible to reduce the amount of Inheritance Tax payable on your estate.

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